This episode explores how modern legal infrastructure is reshaping access to finance for micro, small, and medium‑sized enterprises. Drawing on insights from Ignacio Tirado of UNIDROIT and Marek Dubovec of the International Law Institute, the discussion unpacks why receivables sit at the heart of MSME liquidity and how the UNIDROIT Model Law on Factoring is designed to remove long‑standing barriers. As the article notes, “the ability for micro, small, and medium-sized enterprises to secure financing is one of the biggest drivers of economic growth” . The conversation highlights how a century of legal harmonisation work is now converging with practical needs in emerging markets.

The episode also examines the futureproofing built into the Model Law and its Guide to Enactment, from digital technologies and tokenised receivables to fraud mitigation and registry design. As Dubovec explains, “the Guide to Enactment has a supplement that deals specifically with digital technologies” , ensuring the framework remains relevant as trade finance evolves. The result is a clear message to policymakers and industry stakeholders: the tools for a more inclusive, efficient, and lower‑cost factoring ecosystem already exist, and global adoption is the next step.